Franklin

Japanese Effective Exchange Rates and Determinants [electronic resource] : Prices, Real Interest Rates, and Actual and Optimal Current Accounts, Nagayasu, Jun.

Author/Creator:
Nagayasu, Jun.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Format/Description:
Government document
Book
1 online resource (33 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/86.
IMF Working Papers; Working Paper No. 98/86
Status/Location:
Loading...

Options
Location Notes Your Loan Policy

Details

Local subjects:
Asymptotic distribution. (search)
Autocorrelation. (search)
Bilateral exchange rate. (search)
Bilateral exchange rates. (search)
Cointegration. (search)
Constant real exchange rates. (search)
Correlation. (search)
Currency appreciation. (search)
Current account balance. (search)
Current accounts. (search)
Descriptive statistics. (search)
Dollar exchange rate. (search)
Dynamic models. (search)
Econometrics. (search)
Effective exchange rate. (search)
Effective exchange rates. (search)
Empirical result. (search)
Equation. (search)
Equations. (search)
Equilibrium exchange rate. (search)
Exchange rate. (search)
Exchange rate behavior. (search)
Exchange rate determination. (search)
Exchange rate dynamics. (search)
Exchange rate economics. (search)
Exchange rate fluctuation. (search)
Exchange rate fluctuations. (search)
Exchange rate levels. (search)
Exchange rate mechanism. (search)
Exchange rate movements. (search)
Exchange rate regimes. (search)
Exchange rate shocks. (search)
Exchange rates. (search)
Financial statistics. (search)
Finite sample. (search)
Fixed exchange rate. (search)
Fixed exchange rate regimes. (search)
Floating exchange rates. (search)
Instrumental variables. (search)
Logarithm. (search)
Maximum likelihood method. (search)
Measurement error. (search)
Monte carlo simulation. (search)
Nominal exchange rate. (search)
Nominal exchange rates. (search)
Polynomial. (search)
Predictions. (search)
Random walk. (search)
Real exchange rate. (search)
Real exchange rate behavior. (search)
Real exchange rate fluctuations. (search)
Real exchange rate movements. (search)
Real exchange rates. (search)
Sampling. (search)
Sampling error. (search)
Significance level. (search)
Standard errors. (search)
Statistic. (search)
Statistical analysis. (search)
Statistical inference. (search)
Statistics. (search)
Survey. (search)
Time series. (search)
Vector autoregression. (search)
Japan. (search)
Summary:
This paper empirically analyzes Japanese long-run exchange rates from several perspectives. Several exchange rate models are considered, including the purchasing power parity, the real interest differential model, and the hybrid models à la Hooper and Morton (1982). A notable feature of the latter models is that the current accounts are introduced as determinants of the exchange rates; one type of hybrid model uses the actual current account, and the other the optimal current account, which is calculated using the present value model suggested by Campbell and Shiller (1988). The paper finds that the long-run specification is sensitive to the specification of the model.
Notes:
Description based on print version record.
Contributor:
Nagayasu, Jun.
Other format:
Print Version:
ISBN:
1451850859:
9781451850857
ISSN:
1018-5941
Publisher Number:
10.5089/9781451850857.001
Access Restriction:
Restricted for use by site license.